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Posted

The Fed finally downloaded Venmo

https://www.reuters.com/business/finance/fed-set-launch-long-awaited-instant-payments-service-modernizing-system-2023-07-20/
 

The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.

The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.

 

Posted
30 minutes ago, StassneyHorn said:

The Fed finally downloaded Venmo

https://www.reuters.com/business/finance/fed-set-launch-long-awaited-instant-payments-service-modernizing-system-2023-07-20/
 

The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.

The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.

 

I wasn’t aware this was an issue. 

Posted
2 minutes ago, Ghost of LL said:

No--it's more ridiculous than all that.  It's that Republicans now live in such an extremely tight echo chamber that it it didn't occur to Marge for even a second that what she was saying could be viewed as complimentary to Biden.

 

They should continue to call Biden a socialist Democrat and compare him to LBJ and FDR and even Bernie.  The younger generation will just end up actually liking Biden. 

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Posted
7 minutes ago, Ghost of LL said:

 It's that Republicans now live in such an extremely tight echo chamber that it it didn't occur to Marge for even a second that what she was saying could be viewed as complimentary to Biden.

If only the MAGAs would realize that what she was saying was also beneficial for them, things like education, medical care, rural poverty, Medicare/Medicaid, and labor unions. 

Joe Biden could propose a bill that offers a tax-free gift of $50,000 to anyone who owns a pick-up truck with a gun rack and a confederate flag sticker, and just because Biden, those fuckers would be against it.

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Posted
12 hours ago, South Austin said:

If only the MAGAs would realize that what she was saying was also beneficial for them, things like education, medical care, rural poverty, Medicare/Medicaid, and labor unions. 

Joe Biden could propose a bill that offers a tax-free gift of $50,000 to anyone who owns a pick-up truck with a gun rack and a confederate flag sticker, and just because Biden, those fuckers would be against it.

But they'd still take the fucking $50,000 and claim that it's their tax money, anyway.

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Posted

To be fair to Donald Trump, Jr.  He's a tall guy and probably has an above average sized dick.  It's just hard to ascertain the actual size when he's constantly on at least a gram of mid-grade blow at any given time, thus rendering his penis flaccid and withdrawn.  Whiskey dick is real. Coke dick is real, fucking small.  

Posted

Politico put out a great article on the population booms of college towns and how they've largely gone Democrat's way from 2000-2020. Looks at Madison WI, Fort Collins CO, both Missoula and Bozeman in Montana, and Asheville among others

https://www.politico.com/news/magazine/2023/07/21/gop-college-towns-00106974

‘This Is a Really Big Deal’: How College Towns Are Decimating the GOP

Growing population in America’s highly educated enclaves has led to huge gains for the Democratic Party. And Republicans are scrambling for answers.

 

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Posted

I don't think their tactics are any different than they have been my whole life. Difference is a lot more people are savvy to their bullshit and see right through it. But that's a demon of their own making. Keep fucking that chicken, pubs

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Posted
23 hours ago, YGIFS said:

To be fair to Donald Trump, Jr.  He's a tall guy and probably has an above average sized dick.  It's just hard to ascertain the actual size when he's constantly on at least a gram of mid-grade blow at any given time, thus rendering his penis flaccid and withdrawn.  Whiskey dick is real. Coke dick is real, fucking small.  

Confused Mark Wahlberg GIF by 20th Century Fox Home Entertainment

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Posted

Must be a bunch of companies who laid off their workers, closed and then re-opened as new businesses and re-hired all the workers, right?  

 

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Posted
1 hour ago, Js1 said:

Must be a bunch of companies who laid off their workers, closed and then re-opened as new businesses and re-hired all the workers, right?  

We should ask the geniuses on the DT inflation thread.

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Posted

Hate to tell you, but the Burnett version would not be used as a shirt, but for other purposes, which would render it stiff and unwearable within the first week.

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Posted
On 7/21/2023 at 9:01 AM, Ghost of LL said:

No--it's more ridiculous than all that.  It's that Republicans now live in such an extremely tight echo chamber that it it didn't occur to Marge for even a second that what she was saying could be viewed as complimentary to Biden.

It used to be that the parties used their mouthpieces to disseminate talking points to the base, and the base would lap it up.  So the party's base would get so focused on the party's narrative that the other party's story didn't even make sense.  If anything, it was something to be mocked and ridiculed.  That's what Rush Limbaugh and the people who followed him were great for.

But thirty years ago, the officeholders and other elites didn't actually listen to Rush.  They were all in on a kind of joke.  They knew Rush was full of shit, but he was damned useful.  So they would use some of his lines to trigger a response from their base.  But they didn't actually believe it.

But now it's flipped.  The Republican officeholders and elites are as much in that echo chamber as anyone.  Maybe more so.  How many congressional office televisions do you think are turned to Newsmax or OANN 24/7?  I guarantee you it's a lot of them.

And so now the Republican Party has completely lost the ability to communicate to normal Americans.  This isn't the first time we've seen it.  The SOTU response earlier this year showed the exact same dynamic.  It was so full of online buzzwords and nods to various conspiracy theories that the average person was left wondering "what the fuck are they talking about?".

We're going to continue to see this.  Because the Republicans have lost the narrative.  They haven't just lost it; the narrative has a three-day head start on them.  The narrative has friends in every town and village from here to the Sudan.  It speaks a dozen languages, knows every local custom.  It'll blend in, disappear.  The Republicans will never see it again. 

image.png.5ccd072b3634e5276521d47fbf352598.png

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Posted
On 7/20/2023 at 4:02 PM, StassneyHorn said:


Ice cream sand man

 

Not for nothing, that level of hip/knee/lower back mobility and core strength is pretty elite for a person that age. 

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Posted

What a kick Bidenomics has turned out to be:

Morgan Stanley is commending “Bidenomics” at a crucial time, crediting President Joe Biden’s policies for the state of the U.S. economy as Biden continues his quest to sell a skeptical public on his economic agenda. 


What You Need To Know

https://www.ny1.com/nyc/all-boroughs/news/2023/07/24/morgan-stanley-credits--bidenomics--
  • Morgan Stanley is commending “Bidenomics” at a crucial time, crediting President Joe Biden’s policies for the state of the U.S. economy as Biden continues his quest to sell a skeptical public on his economic agenda
  • The major investment bank and financial services company now projects 1.9% gross domestic product growth in the first half of this year as opposed to the previous estimate of 0.5%
  • Morgan Stanley’s chief U.S. economist Ellen Zentner wrote the Infrastructure Investment and Jobs Act – legislation Biden signed in Nov. 2021 that was a major piece of his agenda – is creating a “boom” in infrastructure and strengthening manufacturing construction
  • An CNBC All-America Economic Survey released last week found just 37% of Americans said they approve of Biden's handling of the economy. 
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Posted

800k new manufacturing jobs

A manufacturing boom has swept across the country in President Biden's 2½ years in office, with the South and Mountain West — including several red states — having especially strong growth, according to Bureau of Labor Statistics data.

Why it matters: The U.S. economy has added some 800,000 manufacturing jobsnationwide, a figure Biden hopes will boost his claim to have delivered on his promise to be a president — and create jobs — for all Americans.

https://www.axios.com/2023/07/23/south-mountain-west-manufacturing-boom-biden

 

 

 

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Posted

Someone explain it to me like I'm 5. Inflation rates have been going down consistently for a while. And as we've seen over half of current inflation is corporate profits, so what does this do? Are they trying to torpedo the economy? 

 

Posted
Someone explain it to me like I'm 5. Inflation rates have been going down consistently for a while. And as we've seen over half of current inflation is corporate profits, so what does this do? Are they trying to torpedo the economy? 
 
They told us they were going to give us two more rate hikes and by-golly they're going to stick with it. Nevermind that the hikes might not be the reason that inflation has come down.
Posted

It sucks having an aggressive dog.  Some good friends adopted a dog from their local animal shelter that had been abused.  She was a large mutt and did not like men so I always had to be super careful around her and was always on edge that she was going to try to eat me one day.  They finally gave her to one of their parents where she could run around outside all day in the country and not encounter people very often.  She is much happier now and I can sit on their couch again without fearing for my life.

Posted
1 hour ago, Longhorn_Fan68 said:

Someone explain it to me like I'm 5. Inflation rates have been going down consistently for a while. And as we've seen over half of current inflation is corporate profits, so what does this do? Are they trying to torpedo the economy? 

 

Some economists have been saying that the last bit of inflation “will be sticky” and “hard to deal with”. According to them, we’re just now reaching the difficult phase in lowering inflation to the 2% goal.

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Posted
2 hours ago, kevwun said:

 They finally gave her to one of their parents where she could run around outside all day in the country and not encounter people very often.  She is much happier now and I can sit on their couch again without fearing for my life.

I laughed. I'm sure in this case the dog really is in the country, but that's the go-to line for generations about having to break the news to the kids that the dog is "gone". My mom told us a Chow we had as a kid went to live on a big farm of someone the vet knew. Now he has with lots of space to run around!

Posted
2 hours ago, Voldemort86 said:

Some economists have been saying that the last bit of inflation “will be sticky” and “hard to deal with”. According to them, we’re just now reaching the difficult phase in lowering inflation to the 2% goal.

What a genius prediction.  "We're currentlly at a number close to historical means, it could be difficult to drive inflation down towards historical lows."

Posted

They can also deploy changes to reserve requirements and open market operational oversight.  Those usually worry consumers and equity markets when spoken about so close to serious recession talk.  But since our publicly traded banks are making record profits, reserve requirement tinkering and discount window activity shouldn't make for that spooky of a fireside chat.  If the goal is 2.0%, and we fall short at frictional plus some pent-up spending still looming in the clogged pipelines, I think we can soft-land at 2.5% and all live with that for awhile.  

Posted

How do I explain Bidenomics prevents recessions, lowers inflation, hands out historic unemployment, raises wages and gives out 5.5% free money at banks? How do I tell my uncle who posts memes on FB all day?

 

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Posted

You know what would solve this stubborn inflation, urban crime, and climate change all at once??  Massive tax cuts for billionaires and corporations!

Love,

GOP

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Posted

I'm not going to post a link, but there's a Twitter debate where some are arguing that Biden claimed he cured cancer. It's just so fucking stupid. Are people this stupid in other countries?



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